Judge Stephanos Bibas, of the U.S. Court of Appeals for the Third Circuit, speaking during a panel discussion at the Federalist Society’s 2018 National Lawyers Convention, held at The Mayflower Hotel in Washington, D.C., on Thursday, Nov. 15, 2018. Photo: Diego M. Radzinschi/ALM
The Third Circuit said the District of New Jersey properly dismissed a claim filed by Prospect Funding Holdings because a Kentucky court ruled in March 2017 in a related case that its loan was void and unenforceable.
December 17, 2018 at 03:30 PM
1 minute read
The original version of this story was published on New Jersey Law Journal
The U.S. Court of Appeals for the Third Circuit has upheld the dismissal of a litigation funding company’s suit against a personal injury lawyer who handed over the proceeds of a settlement to his client without repaying the company’s loan.
The appeals court said the District of New Jersey properly dismissed the claim against the plaintiff’s lawyer by Prospect Funding Holdings because a Kentucky court ruled in March 2017 that the lawsuit loan was void and unenforceable in a related case.
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